Stocks in Toronto recovered Wednesday, after days of losses.
The S&P/TSX Composite Index climbed 160.73 points to greet noon Wednesday at 15,055.23
The Canadian dollar dipped 0.06 cents to 76.18 cents U.S.
Discount chain Dollarama fell 5.4% and was among the biggest percentage losers on the main index, after Spruce Point Capital initiated coverage with "strong sell" saying that it sees the stock price tumbling roughly 40%
The largest percentage gainers on the TSX were Genworth MI Canada, which jumped 9.6%, followed by Centerra Gold, which rose 9.3%. Both companies posted their quarterly results.
Maxar Technologies Ltd fell 37.9%the most on the TSX, after its third-quarter revenue and profit missed analysts' estimates.
The second biggest decliner was Guyana Goldfields, down 5.6 percent, after BMO downgraded the stock.
On the economic beat, Statistics Canada reported that the economy rose for the seventh straight month, with gross domestic product up 0.1% in August.
Growth was concentrated in oil and gas extraction and finance and insurance, which more than offset declines in 12 of 20 industrial sectors.
The agency’s industrial product price index edged up 0.1% in September. Higher prices for chemicals and chemical products and energy and petroleum products were largely offset by lower prices for primary non-ferrous metal products.
StatsCan’s raw materials price index decreased 0.9% in the same month, mainly due to lower prices for crude energy products.
ON BAYSTREET
The TSX Venture Exchange recovered 6.23 points, or 1%, to 633.69
All but three of the 12 subgroups were positive, with health-care up 5.2%, while energy stronger 2.2%, and information technology up 2.4%,
The three laggards were gold, off 1.4%, utilities, down 0.3%, and communications, sinking 0.2%.
ON WALLSTREET
Stocks rose sharply on Wednesday for a second straight day as strong earnings from General Motors and Facebook lifted sentiment. But the major averages were still on pace for big October losses.
The Dow Jones Industrials leaped 264.66 points, or 1.1%, to 25,139.20,
The S&P 500 tallied 33.48 points, or 1.3%, to 2,716.36,
The NASDAQ hiked 146.40 points, or 2%, to 7,307.17,
The S&P 500 is down 7.9%, on pace for its biggest one-month loss since May 2010, when it fell 8.2%.
The Dow has lost 6% in October and is on track to post its largest monthly decline since August 2015, when it dropped 6.6%.
The NASDAQ has plunged 11% this month, and is tracking for its worst month since October 2007, when it plunged 17.7%.
On the data front, private payrolls rose by 227,000 in October, according to a report from ADP and Moody's Analytics. The gain is more than economists expected.
This report comes ahead of Friday's non-farm payrolls report, which is scheduled for release Friday morning.
Prices for the benchmark for the 10-year U.S. Treasury sagged, pushing yields up to 3.14% from Tuesday’s 3.11%. Treasury prices and yields move in opposite directions.
Oil prices gained six cents to $66.24 U.S. a barrel.
Gold prices descended $7.20 an ounce to $1,218.10
